silicon valley bank

Discussion in 'Political Opinions & Beliefs' started by Rampart, Mar 13, 2023.

  1. LangleyMan

    LangleyMan Well-Known Member

    Joined:
    Nov 14, 2017
    Messages:
    44,848
    Likes Received:
    12,481
    Trophy Points:
    113
    Gender:
    Male
    I said he learned something from Dubya's screwup. That doesn't make Old Joe a hero, does it?
     
  2. ButterBalls

    ButterBalls Well-Known Member

    Joined:
    Dec 2, 2016
    Messages:
    51,365
    Likes Received:
    37,726
    Trophy Points:
    113
    Well, I'm sure they fell well inside the ESG parameters of a sound investment :)
     
    Wild Bill Kelsoe and drluggit like this.
  3. Rampart

    Rampart Banned

    Joined:
    Oct 27, 2017
    Messages:
    7,880
    Likes Received:
    7,053
    Trophy Points:
    113
    Gender:
    Male
    Quantum Nerd and ButterBalls like this.
  4. Golem

    Golem Well-Known Member Donor

    Joined:
    Feb 22, 2016
    Messages:
    42,741
    Likes Received:
    18,805
    Trophy Points:
    113
    I've tried to explain to you no less than ten times what binary thinking is and is not. I don't think an eleventh attempt would make much difference.
     
    Rampart likes this.
  5. Rampart

    Rampart Banned

    Joined:
    Oct 27, 2017
    Messages:
    7,880
    Likes Received:
    7,053
    Trophy Points:
    113
    Gender:
    Male
    the markets DO NOT self regulate. we need MORER bureaucrats, esp prosecutors with More power to prevent these humans from stealing their depositors money.
     
    Quantum Nerd likes this.
  6. mitchscove

    mitchscove Well-Known Member Donor

    Joined:
    Sep 4, 2016
    Messages:
    7,870
    Likes Received:
    4,479
    Trophy Points:
    113
    It's called a moral hazard. If we make the morons who ran SVB into the ground whole, what about the next bank? This bank had atrocious policies that harmed the bank and denied borrowers the freedom to diversify their bank accounts.

    This is why they failed. They never had a chance.
    https://www.dailymail.co.uk/news/ar...SVBs-board-experience-investment-banking.html
     
  7. ButterBalls

    ButterBalls Well-Known Member

    Joined:
    Dec 2, 2016
    Messages:
    51,365
    Likes Received:
    37,726
    Trophy Points:
    113
    I know some people make terrible teacher and role models :(
     
  8. Golem

    Golem Well-Known Member Donor

    Joined:
    Feb 22, 2016
    Messages:
    42,741
    Likes Received:
    18,805
    Trophy Points:
    113
    ... and terrible students.
     
    Rampart likes this.
  9. ButterBalls

    ButterBalls Well-Known Member

    Joined:
    Dec 2, 2016
    Messages:
    51,365
    Likes Received:
    37,726
    Trophy Points:
    113
    Like they say, terrible teachers, terrible students ;)
     
  10. drluggit

    drluggit Well-Known Member

    Joined:
    Nov 17, 2016
    Messages:
    31,038
    Likes Received:
    28,505
    Trophy Points:
    113
    How nice of you to point out the actual failure of the bank and its progressive DEI touting leadership.
     
    ButterBalls likes this.
  11. Zorro

    Zorro Well-Known Member

    Joined:
    Jun 13, 2015
    Messages:
    76,751
    Likes Received:
    51,496
    Trophy Points:
    113
    They paid out all of their management bonuses right before they failed.
     
    ButterBalls likes this.
  12. mitchscove

    mitchscove Well-Known Member Donor

    Joined:
    Sep 4, 2016
    Messages:
    7,870
    Likes Received:
    4,479
    Trophy Points:
    113
    The way you believe to accomplish that is to have more bureaucrats making it up as they go along? I think not. Most laws that get us into trouble delegate altogether too much power to the Executive Branch. It's the fault of Congress who delegated the power and the bureaucrats who wielded the power. The phrase that shows up in our body of laws more than any other is the deadly, "as the Secretary chooses".
     
    Wild Bill Kelsoe and ButterBalls like this.
  13. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

    Joined:
    Feb 7, 2017
    Messages:
    21,835
    Likes Received:
    14,752
    Trophy Points:
    113
    How did Bush screw up?
     
  14. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

    Joined:
    Feb 7, 2017
    Messages:
    21,835
    Likes Received:
    14,752
    Trophy Points:
    113
    We're you ok with Disney self regulating?
     
  15. Rampart

    Rampart Banned

    Joined:
    Oct 27, 2017
    Messages:
    7,880
    Likes Received:
    7,053
    Trophy Points:
    113
    Gender:
    Male
    exactly. the gang divided up the loot.
     
  16. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

    Joined:
    Nov 15, 2017
    Messages:
    45,570
    Likes Received:
    26,682
    Trophy Points:
    113
    Gender:
    Male
    The rules were not relaxed for large banks. But seeing as she works in the industry, her opinion, which turned out to be wrong (as predicted by Liz Warren), will be taken with a grain of salt.
     
  17. Rampart

    Rampart Banned

    Joined:
    Oct 27, 2017
    Messages:
    7,880
    Likes Received:
    7,053
    Trophy Points:
    113
    Gender:
    Male
    sorry to disappoint you kelsole, but disney needs as much regulation as anyone.

    when children start believing in "rightful kings" and the other aristocratic trappings of a disney movie they grow up to support autocratic "strong leaders"
     
  18. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

    Joined:
    Nov 15, 2017
    Messages:
    45,570
    Likes Received:
    26,682
    Trophy Points:
    113
    Gender:
    Male
    The irony here is that the SVB default set in motion a flight to quality with money flowing in to the safety of the bond market (SVB thought it was safe) which, had bonds yields fallen to the extent they have over the last few days previous to this, would not have caused SVB to announce a capital raise.........which set off the run on the bank in the first place.
     
    Rampart likes this.
  19. JohnHamilton

    JohnHamilton Well-Known Member

    Joined:
    Oct 17, 2022
    Messages:
    6,304
    Likes Received:
    5,108
    Trophy Points:
    113
    Gender:
    Male
    That's if you are willing to take Liz Warren's word for anything. I don't. I shouldn't need to tell you that she is not an honest person. I have more Native American DNA in me than she does. Yet she used that for her employment applications and took advantage of it as a "minority." SHAME!

    The problem seems to have been that the bank bought a ton of low yielding bonds when interest rates were low. When interest rates go up, the value of the bonds goes down because you need a lower principle to get the same amount.

    If a $1,000 bond is paying, 5%, $50, if the interest rate goes to 10%, the bond is only worth $500. That's what happened to the bank. When the depositors made a run on the bank, its bond assets were worth a lot less and bank had to take huge loses to be liquid. That's what brought the bank down. It was not breaking the rules and regulations; the bank made stupid investment choices. Problems were the board of directors, save for one person, did not have banking experience. The bank also had left the risk management officer's position open for six months before it's collapse.
     
  20. Lee Atwater

    Lee Atwater Well-Known Member Past Donor

    Joined:
    Nov 15, 2017
    Messages:
    45,570
    Likes Received:
    26,682
    Trophy Points:
    113
    Gender:
    Male
    There is no dispute that Warren formally notified officials at the University of Pennsylvania and then Harvard claiming Native American heritage after she was hired.

    Her detractors say she deployed a faux Native American connection to improve her chances of landing teaching jobs at two of the country’s top law schools. However, there is no proof Warren gained any special advantage in her career.

    https://www.politifact.com/article/2017/dec/01/facts-behind-elizabeth-warren-and-her-native-ameri/

    Warren is on the record as having opposed the bill when it was passed and now is sponsoring a bill to repeal it.
     
  21. JohnHamilton

    JohnHamilton Well-Known Member

    Joined:
    Oct 17, 2022
    Messages:
    6,304
    Likes Received:
    5,108
    Trophy Points:
    113
    Gender:
    Male
    You love Democrats; I don't. To Warren is one of the worst, and having once lived in Massachusetts, where the Democrat Party has incredible power, I'm not ready to trust any Democrat or Republican (Romney) who comes from there.
     
  22. Golem

    Golem Well-Known Member Donor

    Joined:
    Feb 22, 2016
    Messages:
    42,741
    Likes Received:
    18,805
    Trophy Points:
    113
    :roflol::roflol::roflol:
    So you think it failed because it hired gays?
    :roflol::roflol::roflol::roflol:
    Priceless!
     
  23. Zorro

    Zorro Well-Known Member

    Joined:
    Jun 13, 2015
    Messages:
    76,751
    Likes Received:
    51,496
    Trophy Points:
    113
    CULTURE OF CORRUPTION: After Years of Lobbying and Donations, Gavin Newsom Stepped In To Sell Biden on Silicon Valley Bank Bailout.

    “Newsom helped convince Biden during a Saturday meeting that a bailout was necessary, Politico reported Monday. In 2021, the California bank quietly gave $100,000 to Jennifer Siebel Newsom’s California Partners Project as it was gearing up to lobby the state’s university, pension, and teachers’ retirement systems. The gift was the bank’s largest contribution to any California entity that year.”

    Gavin Newsom's wineries, his businesses, and he and his wife's personal money were all at the Silicon Valley Bank, that Grandma Yellen and Grandpa Biden suddenly decided to back stop above the $250k FDIC insured line.

    And this bank donates to Ms Newsom's charity at Greasy Gavin's request, and a member of the Bank sits on the board of her charity.
     
  24. Golem

    Golem Well-Known Member Donor

    Joined:
    Feb 22, 2016
    Messages:
    42,741
    Likes Received:
    18,805
    Trophy Points:
    113
    So you are not willing to believe in anything Elizabeth Warren says even after she is proven RIGHT. Are you willing to believe Donald Trump after he is proven WRONG? I wonder why I have the distinct feeling that you would...
     
    Rampart likes this.
  25. JohnHamilton

    JohnHamilton Well-Known Member

    Joined:
    Oct 17, 2022
    Messages:
    6,304
    Likes Received:
    5,108
    Trophy Points:
    113
    Gender:
    Male
    I have made it clear that I will not vote for Trump in the Republican primaries. I wish that he would retire.

    As for Warren, if hear what she's said confirmed from a more reliable source, I'll believe it, but no, I'd never take her word for anything. She's as phony as they come. Did you hear that "Let me get me a beer," comment she made on the news when she was courting the blue collar vote. That went right along with her claim that she's a Cherokee Indian. She kept claiming it even after the DNA tests showed that she was less than 1% Native American. The woman is total phony, just like Biden.
     

Share This Page